US Academic Institutions Push for Strict SEC Oversight on Crypto Staking
Representatives from leading US universities, including UC Berkeley, Georgetown, and the University of Chicago, met with the SEC's crypto Task Force to advocate for stringent staking regulations. The proposal demands protocol-level validation for products labeled as "staking" and mirrors mutual fund naming rules to prevent misleading marketing by custodial yield programs.
The group proposed capping published yields at base reward rates and limiting intermediary fees to 5%, unless justified by auditable costs. Standardized disclosures of net payouts and slashing risks were also recommended to enhance transparency for retail participants.